Mortgage Loan Officer

Job Description

Job Description

FLSA: Non-Exempt

Hours: Monday - Friday 8:00 – 5:00

SUMMARY

The Mortgage Loan Officer (MLO) is responsible for originating residential mortgage loans through relationship-based sales, referral development, and community engagement within an assigned market area. The MLO manages the loan relationship from initial borrower contact through application and underwriting submission, serving as the primary point of contact for borrowers, Realtors, attorneys, and referral partners.

The MLO is accountable for the accurate collection of borrower information, preparation of required disclosures, and compliance with all applicable federal and state regulations, including TRID. This role works in close partnership with Processing, Underwriting, Closing, and Mortgage Operations to ensure loans are originated accurately, disclosed properly, and delivered efficiently while maintaining a high-quality borrower experience.

ESSENTIAL DUTIES

Loan Origination & Relationship Management

- Generate self-sourced mortgage loan applications through Realtors, builders, financial centers, community involvement, and other referral sources.
- Conduct borrower consultations to assess financial needs, explain loan options, and recommend appropriate mortgage products.
- Serve as the primary relationship manager for borrowers and referral partners throughout the loan origination process.
- Maintain strong communication with Realtors, attorneys, and other transaction participants to support timely closings.

Application Intake & Documentation Accuracy

- Complete and submit mortgage loan applications using the bank’s Loan Origination System (LOS).
- Collect, review, and validate borrower-provided documentation for completeness, consistency, and accuracy prior to submission to Processing.
- Ensure borrower information, loan terms, and application data accurately reflect borrower intent at time of application.
- Monitor applications and supporting documentation to identify red flags and mitigate potential fraud risk.

Disclosures & TRID Accountability

- Prepare and issue required initial and subsequent loan disclosures, including Loan Estimates, in compliance with TRID timing and content requirements.
- Maintain responsibility for the accuracy of disclosed loan terms, fees, and program selection based on information known at time of disclosure.
- Communicate changes in loan terms, fees, or structure promptly to Processing and Closing to ensure timely redisclosure when required.
- Partner with Processing and Closing to resolve disclosure-related discrepancies and tolerance concerns.
- Maintain documentation supporting disclosure decisions and changes.

Pipeline Management & Cross-Functional Coordination

- Actively manage assigned loan pipeline to ensure timely movement from application through underwriting and closing.
- Coordinate closely with Processors to resolve documentation needs and borrower follow-up.
- Collaborate with Underwriters to clarify loan structure, conditions, and borrower scenarios.
- Support Closers by ensuring loan terms and disclosures accurately reflect final approved structure.
- Escalate complex or time-sensitive files to Mortgage Operations leadership when appropriate.

LOS Proficiency & Continuous System Readiness

- Maintain a working knowledge of the bank’s Loan Origination System (LOS) and related mortgage technology platforms.
- Stay current on LOS enhancements, updates, workflow changes, and new functionality impacting loan application, disclosures, and pipeline management.
- Participate in required system training and updates related to LOS enhancements.
- Apply new system functionality accurately to support disclosure compliance, data integrity, and operational efficiency.
- Escalate system-related issues that may impact loan accuracy, disclosures, or borrower experience.

Compliance, Quality & Performance Expectations

- Ensure all origination activities comply with bank policies and applicable federal and state regulations.
- Maintain accurate production, pipeline, and sales activity reporting.
- Meet or exceed minimum production standards and performance metrics established by management.
- Participate in audits, quality control reviews, and regulatory examinations as required.
- Represent the bank professionally in the community and marketplace.

SUPERVISORY RESPONSIBILITY

The position of the Mortgage Loan Officer is not responsible for the supervision of any employee(s).

MINIMUM REQUIREMENTS

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

Bachelor’s degree is preferred or equivalent job experience and education. Two years prior experience originating Conventional and Government loan products in a Secondary Market Environment

Proficient math skills; calculate interest and balance accounts; adds, subtract, multiply and divide in all units of measure, using whole numbers common fractions and decimals; locate routine mathematical errors.

Effective oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures and write reports and correspondence.

Proficient computer skills including Microsoft Office Suite, and other mortgage and banking software

Ability to deal with routine problems involving multiple facets and variables in non-standardized situations

Effective organizational and time management skills

Proficient knowledge of related state and federal banking compliance regulations, and other SVB lending policies

Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.

The incumbent must be able to perform this position safely, without endangering the health or safety to him/herself or others.

Sauk Valley Bank is an Equal Opportunity Employer. SVB is committed to the provision of equal opportunity employment for all qualified persons in all job classifications in recruitment, selection and promotion without regard to race, color, religion, gender, gender identity, sexual orientation, parental status, national origin, age, disability, military status, veteran status or any other protected status. Submission of this information is voluntary and is not considered in employment decisions. This information will be kept separate from the employment files and is considered confidential.

Sauk Valley Bank offers medical, short term disability, long term disability, life, vision, dental and 401K benefits to all full time positions. PTO will vary depending on the level of the position. This position is eligible for incentive.

Management reserves the right to change this position description at any time according to business needs.Salary Range: $25.00 - $31.00 hourly depending on experience.

March 31, 2026